Retail Space with Paved Parking
4901 S Telegraph Road, Dearborn Heights, MI 48125
For Sale
New
$595,000
Pending
National tenants operate in the immediate area, alongside retail, professional, and medical uses identified for the property.
Property Size2,250 SF
Days on Market6
Property Features for 4901 S Telegraph Road
General Information
Standard status
Size
Additional Details
Road Access
Amenities
0.27
105X110
false
Slab
2250
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Team 2000
(313) 525-1101
Listed By:
Yousef Beydoun · License MI #6501354088
(313) 561-0900
Source:
Moayyerrealestate
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 9 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Team 2000
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,250-square-foot retail property at 4901 S Telegraph Road has 0.27 acres of land and was built in 1948. The parking lot has been newly paved, and the roof is new. On-site parking serves the property, which is described as suitable for retail, professional, or medical use.
The property has frontage on Telegraph Road, with national tenants in the immediate area.
The property has frontage on Telegraph Road, with national tenants in the immediate area.
Key Highlights
- 2,250‑square‑foot retail property on 0.27 acres
- Frontage on Telegraph Road
- New roof and newly paved parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,694
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,880
$473.9K
Cap Rate 7%
$338,486
$338.5K
Cap Rate 9%
$263,267
$263.3K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$45.1K $20.04/SF
− Vacancy
−$5.6K −$2.49/SF
EGI
$39.5K $17.55/SF
− OpEx
−$15.8K −$7.02/SF
NOI
$23.7K $10.53/SF
Area
Wayne County, MI
Vacancy
12.42%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,880
Cap Rate 7%
$338,486
Cap Rate 9%
$263,267
Alternative Uses
Best Use
Healthcare Medical
$338.5K
$296.2K – $394.9K
NOI $23,694 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$304.6K
$266.5K – $355.3K
NOI $21,319 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$416.6K
$364.5K – $486.0K
NOI $29,160 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 48125, MI
22,070
Population
8,791
Households
2.5
Avg Household Size
38
Median Age
16%
College-Educated
87%
High-School Grad
4.0 sq mi
ZIP Area
5,518
Density / Sq Mi
$59,534
Median Household Income
$38,241
Median Earnings
$1,298
Median Rent
$119,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Wayne County, MI
Properties on Market for Retail space in Wayne County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - National tenants operate in the immediate area, alongside retail, professional, and medical uses identified for the property.
Where is this retail space located?
The property is located at 4901 S Telegraph Road Dearborn Heights, MI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,250‑square‑foot retail property on 0.27 acres; Frontage on Telegraph Road; New roof and newly paved parking lot
